ECC1100 - Principles of macroeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Ms Cathy Fletcher
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
The scope of macroeconomics and its microeconomic underpinnings; aggregation problems; partial equilibrium and general equilibrium analysis; the circular flow of income as a general equilibrium model; the mutual dependence of financial flows and flows of goods and services; sectoral composition of aggregate demand; business and investment behaviour; government spending and taxation; external balance and determination of current and capital accounts; labour market and aggregate supply; money, credit, and the conduct of monetary policy; inflation and unemployment; macroeconomic effects of deregulation in Australia.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
3 hours per week
Prerequisites
ECC1000 is recommended